$645,000
Lakeside, AZ 85929
MLS# 6696256
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Property Description
Presenting an exceptional investment opportunity: a high-income producing property with substantial value-add potential. The Consignment Store, a longstanding tenant, has maintained occupancy on a month-to-month basis for over five years. Occupying the food stand is The Italian Lady of Pinetop, who has been operating from this location for several years and is currently on their second lease extension. Additionally, a five-unit apartment complex is currently leased to four tenants, with a vacancy in the studio unit. The MTM status of the Consignment Store could provide an opportunity for an owner user or value add.
Details
Maps
Contract Info
Current Price: $645,000
List Price: $645,000
Status: Active
List Date: 2024-04-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1715
Street Name: JOHN L FISH
St Suffix: Lane
City/Town Code: Lakeside
State/Province: AZ
Zip Code: 85929
Zip4: 6204
Country: USA
County Code: Navajo
Legal Description (Abbrev): LAKESIDE TOWNSITE:BEG NE COR LOT 1, BLK 8; TH S 108';TH W 124';TH N 108';TH E 124'TPOB.
Subdivision: LAKESIDE TOWNSITE
Assessor's Map #: 28
Assessor's Parcel #: 22
Add'l Parcels: No
Assessor Number: 212-28-022
Census Tract: 961300
Legal: LAKESIDE TOWNSITE:BEG NE COR LOT 1, BLK 8; TH S 108';TH W 124';TH N 108';TH E 124'TPOB.
Tax Municipality: Pinetop-Lakeside
Taxes: 4531
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 6410
# of Buildings: 1
Year Built: 1982
Zoning: 01-12
Remarks & Misc
Cross Street: John Fish Ln & Hwy 260
Directions: From AZ-260, head towards Lakeside. Turn left on Neils Hansen Ln, then left on John L Fish Ln. 1715 will be on the right.
Geo Lat: 34.151609
Geo Lon: -109.973631
Status Change Info
Status Change Date: 2024-04-24
Legal Info
Lot Number: 1
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 60324
Vacancy Allowance: 0.05
Adjusted Gross Inc: 57307.8
Net Operating Income: 48877.63
Pmt & Rate Info
Cap Rate: 7.58
Equity: 645000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Mixed Use; See Remarks
Stories: 2 Stories
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8 Feet or Less
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: See Remarks
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other
Sewer: Other (See Remarks)
New Financing: Other (See Remarks)
Lockbox Type: See Private Remarks
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: April - 25 - 2024
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